You are involved in a personal injury incident. Afterward, you do everything right: seek medical attention, document your injuries and property damage, and file a claim for just compensation.
Once your lawyer gathers enough evidence and you’ve got some preliminary court dates, your Hampton personal injury attorney informs you that the other party has made the first settlement offer. It is a fair offer, and the insurer thinks that you should accept it.
If you thought that the only way to receive the compensation you rightfully deserve was to go to a court trial, a just settlement agreement could be more confusing.
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Personal Injury Settlement Checklist
To help you understand what it means to accept a personal injury case agreement, this article has some informative sections that you should go through.
How Do You Know if a Personal Injury Settlement Offer is Just?
It’s challenging to know the extent of your property damage, injuries, and other losses. Several factors determine the amount of settlement you need to receive, including the following:
- The type of incident that caused your personal injuries and property damage
- The severity and extent of your injuries and property damage and how they affect your everyday career, life, and family
- The financial value of your damages, including pain and suffering, medical bills, ongoing treatment expenses, and lost wages
- The evidence you have to support your claim
- Whether there’s potential for defense depends on contributory negligence, meaning you’re accused of sharing the fault for the incident.
- Additional expenses associated with the lawsuit
An accurate approximation of your personal injury losses offers a benchmark for a just settlement. That means it’s vital to prove the financial extent of your property damage and injuries.
You and your attorney need to collect enough evidence to demonstrate both the present and future losses related to the incident.
When Should You Accept a Settlement Agreement?
When you and your attorney feel that an agreement is just, accept it. But there are circumstances where accepting a personal injury settlement means receiving less cash than you rightfully deserve for your lawsuit.
Insurers are known for offering lowball settlements, especially during their first offers. This means a settlement offer that’s inadequate for your losses.
If you decide to accept the first settlement offer from an insurer without consulting an experienced Hampton personal injury lawyer, you may not be able to receive a higher amount. It’s vital to speak to an experienced attorney before you can accept anything from an insurer.
Conclusion
Knowledgeable attorneys understand the process of estimating just compensations, and that’s why they’re a vital tool for any successful personal injury claim.
